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From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

autherAutocar Professional Bureau     calendar12 Jul 2024

ACMA's recommendations to the government include incentivising capital expenditure, revising depreciation rates on plant and machinery in the auto component industry from 15% to 25%, and rationalising GST rates on EVs and components.

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Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant
Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant

autherAutocar Professional Bureau calendar12 Jul 2024

Partnership aims to support Zapp’s entry into the Indian market and accelerate the assembly and distribution of Zapp’s...

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SIAM expects push for rural economy, scrappage incentives in Union Budget
SIAM expects push for rural economy, scrappage incentives in Union Budget

By Mayank Dhingra  calendar12 Jul 2024

The industry body representing automotive OEMs says fiscal measures that stimulate the rural economy will augur well f...

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Int’l research body calls on India to restore FAME II subsidies for two-wheelers
Int’l research body calls on India to restore FAME II subsidies for two-wheelers

autherAutocar Professional Bureau calendar12 Jul 2024

It noted that without subsidies, an electric two-wheeler can cost twice as much as the a petrol two-wheeler, the repor...

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Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report
Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report

autherAutocar Professional Bureau calendar12 Jul 2024

Under the ₹15,000 per kWh subsidy scenario, upfront cost parity for short- and mid-range E2Ws would be expected to eme...

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MG unveils second-gen HS SUV 
MG unveils second-gen HS SUV 

autherAutocar Professional Bureau calendar12 Jul 2024

MG HS continues to be a five-seat SUV.

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Hyundai to introduce Alcazar facelift this September 
Hyundai to introduce Alcazar facelift this September 

By Ketan Thakkar calendar12 Jul 2024

Alcazar facelift to remain unchanged mechanically.

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Kia launches 'Exchange Your Car' online evaluation service
Kia launches 'Exchange Your Car' online evaluation service

autherAutocar Professional Bureau calendar12 Jul 2024

With this launch, Kia India aims to introduce transparency and ease of operation in the car-switching process.

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SIAM confident automakers will address rising dealer inventory
SIAM confident automakers will address rising dealer inventory

By Mayank Dhingra calendar12 Jul 2024

Society of Indian Automobile Manufacturers (SIAM) has sought to allay concerns over rising PV inventories in the count...

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JLR to roll out Pirelli FSC-certified natural rubber tyres across its range
JLR to roll out Pirelli FSC-certified natural rubber tyres across its range

autherAutocar Professional Bureau calendar12 Jul 2024

The British luxury car manufacturer will be the first to adopt FSC‑certified tyres at scale, transitioning all tyres f...

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MOST READ

POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

71.08%

No

 

28.92%

Total Votes : 166